Question

What is the relationship between micro and macro economics of dairy milk chocolate of last 5 years?

Answer 1

Explanation:

It was the early 1930s when a physician –turned textile trade in rural Karnataka found his business getting interrupted for want of regular supplies of cloth from the weavers. When he enquired with weavers about the reason for their irregularity, he was told that there was no working capital available to them. There were no banks in the area. The one located in the town was not interested in lending to small operators particularly in the rural area. Local money lenders used to change very high rates of interest; borrowing at those rates had ruined same in the past. The weavers therefore have developed a habit of working intermittently as and when their own money from sales come in.

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Answer 2

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Micro economic focuses on issues that affect individuals and companies.

Macro economics focuses on issues that affects the economy as whole.